Insurers boost non-traditional investment, CNS says

Chinese insurers held non-traditional assets equivalent to 15.15 percent of their investment as of the end of September, China News Service reported Wednesday, citing a study by accounting and consulting firm PricewaterhouseCoopers. The figure is up from 9 percent at the end of 2012. The increase is due to looser regulations on allowable investment, the report said. Chinese insurers had 7.41 trillion yuan (US$1.22 trillion) of investment as of September, up from 6.85 trillion yuan at the end of 2012. About 43.75 percent of respondents said they plan to allocate at least 15 percent of their assets for non-traditional investment products. About 18.75 percent said they will consider investing at least 20 percent in such products, the report said.

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